SG Americas Securities LLC Takes $190,000 Position in BlackRock Municipal Income Trust II (BLE)
SG Americas Securities LLC acquired a new position in shares of BlackRock Municipal Income Trust II (NYSE:BLE) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 12,408 shares of the company’s stock, valued at approximately $190,000.
Separately, First Trust Advisors LP lifted its position in shares of BlackRock Municipal Income Trust II by 2.9% during the 2nd quarter. First Trust Advisors LP now owns 48,508 shares of the company’s stock worth $741,000 after purchasing an additional 1,366 shares during the last quarter.
Shares of BlackRock Municipal Income Trust II (NYSE:BLE) opened at 15.42 on Thursday. The stock’s 50 day moving average is $15.51 and its 200 day moving average is $15.20. BlackRock Municipal Income Trust II has a 52-week low of $13.87 and a 52-week high of $16.29.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.0735 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend is Thursday, September 14th.
BlackRock Municipal Income Trust II Company Profile
BlackRock Municipal Income Trust II is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).
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